$BTC
Bitcoin recently dipped below ~$70,000 again amid volatility, showing short-term weakness.
However, BTC rebounded above $70K on brief recovery moves, underlining sharp whipsaw price swings.
Analysts note that the crypto market’s volatility remains high, with risk assets influencing BTC direction.
Some forecasts suggest a near-term pullback toward support levels (support near ~$69–75K).
Others point to possible upside momentum if BTC breaks above key resistance (e.g., ~$82K–$95K range).
On popular charting sites, moving average indicators still tilt bearish on daily and weekly timeframes.
Wider macro headwinds (strong dollar, rate concerns) could push BTC toward deeper support around ~$60,000 or lower in extended downward moves.
If key supports break, broader corrections — potentially toward $50K–$60K zones — are possible.